IP, frequently considered a recession-proof practice, took another hit last week when Boston-based IP firm Fish & Richardson cut 35 lawyers and 85 support staff, slashing its head count by more than 7 percent. A study this month by BTI Consulting Group found that a majority of 370 corporate counsel at Fortune 1000 companies were planning to cut IP litigation spending by more than 7 percent. With patent cases taking longer, firms are becoming less willing to invest in expensive litigation.
More IP Angst as Fish & Richardson Cuts 35 Lawyers, 85 Staff
The American Lawyer
May 18, 2009